Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Crude oil revenues	$ 13,257,608	$ 10,824,575
Natural gas revenues	1,035,759	117,695
Total revenues	14,293,367	10,942,270
Expenses:
Direct operating costs	6,762,248	4,095,850
Depreciation, depletion and amortization	3,549,245	1,856,660
Professional fees	987,229	1,071,740
Salaries	1,479,688	1,432,081
Administrative expense	790,572	798,457
Total expenses	13,568,982	9,254,788
Income from operations	724,385	1,687,482
Other income (expense):
Interest expense	(1,305,194)	(772,471)
Gain (loss) on derivatives	4,993,262	(740,456)
Other income	161,171	1,115,898
Total other income (expense)	3,849,239	(397,029)
Income before provision for income taxes	4,573,624	1,290,453
Provision for income taxes	0	0
Net income	4,573,624	1,290,453
Net income	4,573,624	1,290,453
Preferred dividends	(1,392,035)	(1,039,516)
Net income (loss) attributable to common stockholders	$ 3,181,589	$ 250,937
Net income (loss) per common share basic and diluted	$ 0.42	$ 0.04
Weighted Average Shares	7,492,007	5,596,062